After facing dramatic rent hikes, South Floridians must now work many more days full time to be able to afford the typical rent in the area, according to a new analysis.
At the average wage, workers in South Florida now would need to work a total of 96 hours — instead of 72 hours five years ago — the equivalent of working three more full-time days, Zillow found.
“Renters in Miami face the greatest affordability hurdles,” the report said. “That is over 24 hours more than Miami renters would have needed to work to pay rent five years ago, the biggest gap of the 50 largest U.S. metro areas.”
